Advertisement
Canada markets open in 5 hours 46 minutes

  • S&P/TSX

    21,873.72
    -138.00 (-0.63%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • DOW

    38,460.92
    -42.77 (-0.11%)
     

  • CAD/USD

    0.7309
    +0.0012 (+0.16%)
     

  • CRUDE OIL

    82.97
    +0.16 (+0.19%)
     

  • Bitcoin CAD

    87,516.49
    -3,790.26 (-4.15%)
     

  • CMC Crypto 200

    1,389.71
    +7.14 (+0.52%)
     

  • GOLD FUTURES

    2,334.60
    -3.80 (-0.16%)
     

  • RUSSELL 2000

    1,995.43
    -7.22 (-0.36%)
     

  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     

  • NASDAQ futures

    17,450.25
    -214.25 (-1.21%)
     

  • VOLATILITY

    16.31
    +0.34 (+2.13%)
     

  • FTSE

    8,073.68
    +33.30 (+0.41%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • CAD/EUR

    0.6817
    -0.0002 (-0.03%)
     

Surging Earnings Estimates Signal Good News for Zuora (ZUO)

Zacks Equity Research
·2 min read

Zuora, Inc. ZUO is a leading cloud-based subscription management platform that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on ZUO’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Zuora could be a solid choice for investors.

Current Quarter Estimates for ZUO

In the past 30 days, one estimate has gone higher for Zuora while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 8 cents a share 30 days ago, to a loss of 7 cents today, a move of 12.5%.

ADVERTISEMENT

Current Year Estimates for ZUO

Meanwhile, Zuora’s current year figures are also looking quite promising, with two estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 27 cents a share 30 days ago, to a loss of 24 cents today, an increase of 11.1%.

Zuora, Inc. Price and Consensus

Zuora, Inc. Price and Consensus
Zuora, Inc. Price and Consensus

Zuora, Inc. price-consensus-chart | Zuora, Inc. Quote

Bottom Line

The stock has also started to move higher lately, adding 12.4% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

 Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Zuora, Inc. (ZUO) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research